Malda Division - Finance Department

There are three basic functions of Finance Department viz. Accounting, Finance and Payment

Accounting

• Keeping the books of accounts in accordance with the rules.
• Internal check of transactions affecting the receipts and expenditure.
• Prompt settlement of proper claims against the railway.

Finance

• Tendering advice to the administration in all matters involving railway finance.
• Compilation and control of budget (including exchequer) in consultation with the other departments.
• Ensuring no financial irregularity in the transactions.

Receipt and Disbursement

• Making payment to the bonafide payees.
• Preparing payment schedule and arranging payment to the labour accordingly.
• Collection and deposit of cash received on account of tariff (goods and passenger) and others.

In addition to above, as a Management Accountant the following functions are carried out: -

• Providing financial data for management reporting.
• Assisting inventory management participation in purchase/contracting decisions.
• Conducting surveys for major schemes.
• Interpret financial statements.
• Compile cost data and prepare cost reports.
• Explore avenues of controlling staff and materials costs.
• Institute and operate budgetary control procedures.
• Participate in all capital expenditure.
• Rating/pricing decisions.
• Conducting Financial inspections.

Additional Information of Finance Department

  BACK         GO TO TOP